Banksters......literally

[marmar]

from the Guardian UK:



Bank of America bosses charged with fraud
New York attorney general files civil charges against the bank and its former chief executive, Ken Lewis, over last year's acquisition of Merrill Lynch

Staff and agencies
guardian.co.uk, Friday 5 February 2010


Bank of America and two of its former bosses have been charged with fraud for allegedly misleading shareholders during the takeover of Merrill Lynch.

The New York attorney general's office said last night it had filed civil charges against the bank and its former chief executive, Ken Lewis, claiming the bank misled investors about Merrill Lynch before it acquired the Wall Street bank in early 2009. Civil charges were also being filed against Joe Price, the bank's former chief financial officer.

Bank of America has been accused of failing to properly disclose losses at Merrill and bonuses paid to investment bank employees before the deal closed. Attorney general Andrew Cuomo called Bank of America's actions "egregious and reprehensible" in deceiving not only shareholders but also the federal government.

The bank received an additional $20bn (£12.7bn) in government bailout funds in January 2009 to help offset losses it absorbed as part of the Merrill Lynch acquisition. In December, Bank of America repaid the $20bn, plus the initial $25bn it received in government bailout money. ........(more)

The complete piece is at: http://www.guardian.co.uk/business/2010/feb/05/bank-america-fraud-charges

[leftstreet]

1. K&R

[90-percent]

2. Be forewarned, Andrew

No small planes or hookers for you, Mr. Attorney General. We want to win one for a change. Got to get them all in before the November 2010 fascism conversion is finally completed.

-90% Jimmy

[Ghost in the Machine]

3. Banksta's....

[Vinnie From Indy]

5. That rocks!

One of the best I've seen in a while!

Cheers Ghost!
:)

[Ghost in the Machine]

6. Thanks, but I can't take credit for it though...

someone posted it here a while back, I just snagged it. I've never seen anyone take original credit for it, or I'd give them the credit when I post it....


Peace,

Ghost

[amborin]

4. yes, literally